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Long-Term Debt (Tables)
 6 Months Ended
Jul. 01, 2017
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments

The components of the Company’s long-term debt were as follows:

 

 

 

July 1, 2017

 

 

December 31, 2016

 

 

 

Principal

Balance

 

 

Effective Rate (1)

 

 

Principal

Balance

 

 

Effective Rate (1)

 

Revolving Facility due April 2, 2018

 

$

0

 

 

 

0.00

%

 

$

0

 

 

 

3.35

%

Tranche B-1 Term Facility due April 2, 2016

 

 

0

 

 

 

0.00

%

 

 

0

 

 

 

3.96

%

Tranche B-2 Term Facility due April 2, 2020

 

 

1,935,440

 

 

 

4.64

%

 

 

2,021,250

 

 

 

4.41

%

Total

 

 

1,935,440

 

 

 

4.64

%

 

 

2,021,250

 

 

 

4.38

%

Less: Current Portion

 

 

20,213

 

 

 

 

 

 

 

21,000

 

 

 

 

 

Unamortized Deferred Financing Costs

 

 

15,528

 

 

 

 

 

 

 

18,951

 

 

 

 

 

Total Long-Term Debt

 

$

1,899,699

 

 

 

 

 

 

$

1,981,299

 

 

 

 

 

 

(1)

Includes amortization of deferred financing costs. For fiscal 2016, the effective interest rate for the Revolving Facility and Tranche B-1 Term Facility was computed based on interest expense incurred over the period for which borrowings were outstanding.